Page Industries(Jockey)-A Recession free business
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Emerging companies - Mid caps that can become large cap
Forum Discription: These are companies operating in growing markets having have certain niches or specific attributes like new sector plays. These are emerging multibaggers with high risks and high rewards.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=1578
Printed Date: 25/Apr/2025 at 10:42am
Topic: Page Industries(Jockey)-A Recession free business
Posted By: kulman
Subject: Page Industries(Jockey)-A Recession free business
Date Posted: 11/Feb/2008 at 5:01pm
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Anyone tracking Inner garments space closely (in the markets)?
Two main listed brands Jockey (Page Inds) & VIP (Maxwell) are covered in the newspaper BS today.
Hence this new topic on the day which might have seen many market participants lose their chaddi-baniyans.
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| Maxwell Industries, part of the innerwear brand VIP, is planning to ramp up its turnover up to five-fold through diversification, inorganic growth and thrust on exports. |
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| The company is tapping the US and European market for its export growth, and is also scouting for acquisitions in the international market. |
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| Maxwell Industries estimates to register Rs 210 crore turnover in this financial year with exports revenues comprising Rs 10 crore. |
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| The company http://business-standard.com/common/news_article.php?leftnm=10&bKeyFlag=BO&autono=313249 - , which estimated to contribute Rs 450 crore to the kitty. |
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| It is targeting smaller cities to open 250 Green Room, its exclusive retail stores, which would offer all the company brands under one roof. |
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| Jockey has embarked on a http://business-standard.com/common/news_article.php?autono=313248&leftnm=6&subLeft=0&chkFlg= - with a focus on leisurewear segment. |
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| As a part of the strategy, the company is expanding its product offering for women, creating super-premium categories, increasing visibility by opening more outlets and focusing on non-innerwear products such as pajamas and gymwear to move up from being aspirational brand to lifestyle brand. |
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| Page Industries is the licensee of Jockey International Inc (US), for manufacturing and distributing products of this brand in India and Sri Lanka. |
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| The men’s innerwear segment, which accounts for a majority of 74 per cent of the company’s sales, would also see introduction of a super-premium range in the near future |
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Life can only be understood backwards—but it must be lived forwards
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Replies:
Posted By: nitin_jagtap
Date Posted: 11/Feb/2008 at 5:12pm
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Makes sense Kulmanji ...with the way things are going in the market ....sales of chaddi baniyan are bound to see a BREAKOUT in the short term. The RESISTANCE levels are dependant on the length of the chaadi and breath of the baniyan  .
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Warm REgards
Nitin Jagtap
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Posted By: kulman
Date Posted: 11/Feb/2008 at 5:19pm
 ha ha ha
Nitin jee
And such market crashes would give the manufacturers classic tagline for their products: "Dekha, xxxx phati lekin humaari chaddi nahin phati!"
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Life can only be understood backwards—but it must be lived forwards
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Posted By: smartcat
Date Posted: 11/Feb/2008 at 5:44pm
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I personally like VIP's "thrust" on exports plan. And I wonder if ChatLaal mistakenly bought VIP Industries looking at undie ads?
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Posted By: rudra
Date Posted: 11/Feb/2008 at 6:56pm
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Thank we don't any stocks listed in bse or nse who exclusively manufacture "Loongies".
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Posted By: catcall
Date Posted: 11/Feb/2008 at 9:07pm
Looking to all those margin players in the F&O market and their worsening condition by the day I expect a sharp spurt in the sale of chhadi -baniyans in exchange for "the last shirt and trousers" schemes
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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Posted By: deveshkayal
Date Posted: 11/Feb/2008 at 9:58pm
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 One of the best thread of TED !!
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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Posted By: Ajith
Date Posted: 11/Feb/2008 at 10:14pm
Page I am holding and great to see it move up 20 percent since and holding steady in the bloodbath at the markets but because it has not moved down it may be wiser to think before fresh purchases.
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Ajith
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Posted By: Mr. V
Date Posted: 11/Feb/2008 at 2:14am
This is a great business to invest in... virtually recession proof.
I had looked at both Maxwell Industries and Page Industries and finally invested in Page because of better clarity in earnings till Fy10 and its focus on the premium segment which has higher margins and little competition. Its execution till date has been flawless and it can provide a steady 30-35% growth till FY10.
Maxwell is plagued with a lot of promoter and management related problems. They have been talking of consolidating various group companies and increasing turnover to 1000 cr since 2005 but nothing has materialized on the ground. I am also skeptical about their export plans because its like any other textile export company facing dollar/rupee and razor thing margins. Overall, I don't get good vibes from the management and I don't think they are shareholder friendly.
Women's innerwear segment is going to be the key driver of future growth. Currently, 90% of the market (3000 cr) is catered by unorganized players and there is a lot of scope for premium brands to capture a part of the market. The margins in the Women's premium innerwear is also much higher and usually women tend to spend much more for their lingerie than men do for their underwear.
So who is going to be India's version of Victoria's Secret ?
Maxwell Industries has a brand called Lovable but its operated as a separate private company and its numbers are not consolidated into Maxwell's numbers. They have also been talking about licensing a european brand but nothing has materialized so far.
Etam, a french super premium lingerie brand has a 50:50 JV with pantaloon and plans to open 40 outlets all over india. Its products are available in its exclusive brand outlets, Central and probably Pantaloon stores and are priced in the range of Rs 400 and Rs 1500.
Jockey is planning to get aggressive in the Women's innerwear segment and plans to launch a variety of products over the next one year. The big advantage that Jockey has over the other players is that all of its products are already designed and have been tested in the US and European market, all it needs to do is copy and manufacture them in its India factories.
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Posted By: kulman
Date Posted: 11/Feb/2008 at 8:55am
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Thanks m/s V & Ajith
On a side note, Buffett owns a brand called "Fruit of Loom" and calls it "We cover asses of the masses!"
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Life can only be understood backwards—but it must be lived forwards
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Posted By: SORUB
Date Posted: 12/Feb/2008 at 12:04pm
"Fruit of Loom" and calls it "We cover asses of the masses!"
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BEST slogan i ever saw 
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K.I.S.S(keep it simple silly) is the most easy management formula i ever came across!!! but it is very hard to follow!!!
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Posted By: tyler_durden
Date Posted: 12/Feb/2008 at 12:39pm
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i had read about jockey's ipo some months ago...and then i tried to find whether it got listed or not...never knew it was by name page inds........
today youngsters want everythin to be branded and jockey is a big brand....
i have seen people askin in shops for jockey and not chaddi or baniyan...they simply say i want jockey...that shows something....
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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Posted By: India_Bull
Date Posted: 12/Feb/2008 at 12:52pm
Good investment concept but will go typical FMCG way, no entry barriers, presence of grey market , mass people are not yet rich to buy Rs 5000 worth lingerie.... stock of the future whose time has yet to come..
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India_Bull forever Bull !
www.kapilcomedynights.com
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Posted By: tyler_durden
Date Posted: 12/Feb/2008 at 12:55pm
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lets not consider the 5000 rs lingrie right now....jockey can offer u basic needs from 65 rs onwards on chaddis and i think 100 or so on baniyan....metros and tier1- 2 cities will be the areas where growth will come from....
who owns STRAPS?? its a gr8 concept...they have costly lingries but their sales re good...i can see em openin showrooms pretty fast in NCR ...wat abt other towns/cities??
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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Posted By: basant
Date Posted: 12/Feb/2008 at 1:11pm
Originally posted by tyler_durden
i have seen people askin in shops for jockey and not chaddi or baniyan...they simply say i want jockey...that shows something.... |
What does it show  .
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Posted By: deveshkayal
Date Posted: 12/Feb/2008 at 1:21pm
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Sab bigad gaye hai !
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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Posted By: johnnybravo
Date Posted: 12/Feb/2008 at 1:41pm
Originally posted by basant
Originally posted by tyler_durden
i have seen people askin in shops for jockey and not chaddi or baniyan...they simply say i want jockey...that shows something.... |
What does it show . |
that was extremely funny basantji, really good one!!
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Saab Moh Maya hai!
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Posted By: omshivaya
Date Posted: 12/Feb/2008 at 1:59pm
Ha Ha Ha Ha Ha! Basant sir, nahin nahin! No naughty! naughty!
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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Posted By: tyler_durden
Date Posted: 12/Feb/2008 at 2:42pm
Originally posted by basant
Originally posted by tyler_durden
i have seen people askin in shops for jockey and not chaddi or baniyan...they simply say i want jockey...that shows something.... |
What does it show . |
yeh to discussion doosri hi rah pe nikal gaya hai....
...i wanted to say that it shows jockey can be a good stock pick for long term....baki kya kya dikhta hai woh 
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If you aren't fired with enthusiasm, you will be fired with enthusiasm.
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Posted By: kulman
Date Posted: 12/Feb/2008 at 3:12pm
Originally posted by tyler_durden
yeh to discussion doosri hi rah pe nikal gaya hai....
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You are right Tyler babu.
Aaj kal duniya mein sajjan logon ki kami hain.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: basant
Date Posted: 12/Feb/2008 at 3:25pm
Originally posted by kulman
Originally posted by tyler_durden
yeh to discussion doosri hi rah pe nikal gaya hai....
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You are right Tyler babu.
Aaj kal duniya mein sajjan logon ki kami hain. |
What did I do? My question remains unanswered and on top of it this is what I get. 
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Posted By: kulman
Date Posted: 12/Feb/2008 at 3:31pm
Originally posted by basant
What did I do? My question remains unanswered and on top of it this is what I get. |
Sir jee. That comment wasn't about you.
As per a random survey done... yourself, CatCall, Om Babu & me are the only four sajjans on TED.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: omshivaya
Date Posted: 12/Feb/2008 at 4:21pm
Yes really, we are definitey the sajjanest of them all. In fact, we give new meaning to the word "sajjan"
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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Posted By: kulman
Date Posted: 12/Feb/2008 at 4:51pm
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Private message for Om babu & CatCall (not to be read by others):
In reality Basant jee is not in 'our league'. But I intentionally put his name with 3 of us so that some people stop throwing keechad at us.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: xbox
Date Posted: 12/Feb/2008 at 11:23am
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Thanks God, Kulman jee, aap kulMan ho, kulwoman nahi to...ye thread, p**thread ban jata......
<<gustakhi maaf, pls>>
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Don't bet on pig after all bull & bear in circle.
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Posted By: kulman
Date Posted: 12/Feb/2008 at 11:52am
xBox ...it's not a gustakhi.
When I look back .....I really thank god for that. You know why? I never say no. And that'd be really bad, if I were a girl.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: omshivaya
Date Posted: 12/Feb/2008 at 11:57am
Originally posted by kulman
Private message for Om babu & CatCall (not to be read by others):
In reality Basant jee is not in 'our league'. But I intentionally put his name with 3 of us so that some people stop throwing keechad at us.
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Ya, I know. Thanks Kulman jee for the much-needed cover.
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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Posted By: rakeshmehta48
Date Posted: 13/Feb/2008 at 12:43pm
others are what? Durjjans
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Fund Management is Most Important
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Posted By: psimajin
Date Posted: 13/Feb/2008 at 3:15pm
Looking at market conditions this is great topics...I have already lost my Baniyan & in a day or two even chaddi will go.
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Posted By: nitin_jagtap
Date Posted: 13/Feb/2008 at 5:40pm
Considering the current market condition the management of both maxwell and page inds have decided to give back something to the loyal shareholders this was decided in yesterdays EGM.
All shareholders attending this years AGM to be held in the month of June will be given one pair of chaddi and baniyan . Choice of colours are limited.Offer is on first come first served basis. Late comers might just get a chaddi ...if you still arrive late your chaddi baniyan could be taken away.
Pls be on time for the AGM.
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Warm REgards
Nitin Jagtap
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Posted By: kulman
Date Posted: 13/Feb/2008 at 5:48pm
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Ha ha ha ha
Caveat: RelCap holds quite a large stake* in Maxwell. So expect ADAG's representatives at the AGM. And they are known to be brutal with anything naked. Take care.
* 91,77,215 shares 14.55%
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Life can only be understood backwards—but it must be lived forwards
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Posted By: catcall
Date Posted: 13/Feb/2008 at 6:39pm
Originally posted by omshivaya
Originally posted by kulman
Private message for Om babu & CatCall (not to be read by others):
In reality Basant jee is not in 'our league'. But I intentionally put his name with 3 of us so that some people stop throwing keechad at us.
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Ya, I know. Thanks Kulman jee for the much-needed cover.
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I had read OMJi's post some time back that he was a seeda saada bhola bhala person (just like all of us!!). Then again i read his post on orgasms or someting of that kind (pehli baar suna ye naam!). Now I am as confused as Shankar Sharma is!! Anyway, welcome to the club!!
Omji
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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Posted By: omshivaya
Date Posted: 13/Feb/2008 at 8:21pm
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Arre sir..I was trying explain somthing serious and for that I had used the "orga*m" analogy. If anytime I have used such words or other stuff, it is either in a spiritual/philosophical sense or to make someone understand some topic better(other than sex).
I am a nanha sa, chhota sa..bachcha! 
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The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it
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Posted By: kulman
Date Posted: 26/Feb/2008 at 7:47am
| http://business-standard.com/common/news_article.php?autono=315003&leftnm=5&subLeft=0&chkFlg= -
Competition hotting up.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: Mohan
Date Posted: 07/Mar/2008 at 8:37pm
Stores in India are now increasing floor space to Chaddi - Baniyan due to sudden surge in demand.
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Be fearful when others are greedy and be greedy when others are fearful.
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Posted By: India_Bull
Date Posted: 07/Mar/2008 at 5:00am
hahaha, Are AA and MA the promoters of these chaddi stores ?
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India_Bull forever Bull !
www.kapilcomedynights.com
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Posted By: chic_1978
Date Posted: 09/Mar/2008 at 7:50pm
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hahaha, Are AA and MA the promoters of these chaddi stores ?
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 sabki utar gayi hai....
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happy & wise investing
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Posted By: Musketeer
Date Posted: 03/Apr/2008 at 1:29pm
I'm getting interested in Page Industries. Good brand recall, demographic shift to increase demand for its products, domestic consumption oriented story, not cyclical. I'm waiting for it to dip and will study it in the meanwhile.
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Be fearful when others are greedy. Be greedy when others are fearful.
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Posted By: Ajith
Date Posted: 03/Apr/2008 at 2:22pm
Page has been moving in a narrow band even in this rough market with low volumes.I am holding with some gain already for medium/long term.The license with Jockey is till 2019.
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Ajith
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Posted By: Musketeer
Date Posted: 03/Apr/2008 at 2:26pm
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Any idea of the FII holdings in Page Ind.?
If the volumes are thin, even a bit of FII selling could hammer it down.
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Be fearful when others are greedy. Be greedy when others are fearful.
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Posted By: Ajith
Date Posted: 03/Apr/2008 at 5:21pm
FII holding is at 5.86 percent .Thats OK,a risk one has to take if fundamentals are in place I feel.
I hope the Jockey outlets are doing well.I have not seen one.
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Ajith
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Posted By: xbox
Date Posted: 03/Apr/2008 at 10:18am
Can somebody mention any historical instance, where people have made wealth in textile/Chaddi-Baniyan business.
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Don't bet on pig after all bull & bear in circle.
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Posted By: Musketeer
Date Posted: 04/Apr/2008 at 4:30pm
Originally posted by xbox
Can somebody mention any historical instance, where people have made wealth in textile/Chaddi-Baniyan business. |
I think Buffet completely bought out Fruit of the Loom when it filed for bankruptcy in 2001, in cash.
Should we wait for Page Ind or Maxwell to go to the verge of bankruptcy?...don't know if that time would come.
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Be fearful when others are greedy. Be greedy when others are fearful.
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Posted By: Ajith
Date Posted: 04/Apr/2008 at 5:29pm
From current levels Page is unlikely to be a great multibagger unless their aggression pays off.
In any case steady returns can be almost certainly expected.
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Ajith
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Posted By: Musketeer
Date Posted: 04/Apr/2008 at 5:45pm
Originally posted by Ajith
From current levels Page is unlikely to be a great multibagger unless their aggression pays off.
In any case steady returns can be almost certainly expected. |
Can you pls share what their (Page's) aggressive plans are?
BTW, their tie-up with Jockey till 2019 sounds interesting.
Any idea about the size of the organised market, size of total market, Page's share in organised segment?
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Be fearful when others are greedy. Be greedy when others are fearful.
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Posted By: Ajith
Date Posted: 04/Apr/2008 at 10:48pm
There is a May 2007 Edelweiss report on Page at www.edelcap.com. under Private Client Brokerage.
Recently there have been some positive news.Page 1) may get a star (for the women's line) for endorsement and go in for TV advertising(short term negative for margins?)
2) has introduced a super premium collection of inner wear,
3) may get into outerwear and bedding eventually on the lines of Jockey USA,
4)is thinking of getting into jackets and sweat shirts,
5)will be launching pajamas for both sexes,
6) will set up specialty outlets for women in the next few years.
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Ajith
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Posted By: Musketeer
Date Posted: 08/Apr/2008 at 6:35pm
Aaj, NSE pe ek bhi chaddi-baniyan nahin biki.
Absolute zero volume on this counter on NSE today! 
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Be fearful when others are greedy. Be greedy when others are fearful.
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Posted By: nitin_jagtap
Date Posted: 08/Apr/2008 at 6:44pm
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Good sign ....during these times
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Warm REgards
Nitin Jagtap
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Posted By: kulman
Date Posted: 08/Apr/2008 at 6:44pm
Originally posted by Musketeer
Aaj, NSE pe ek bhi chaddi-baniyan nahin biki.
Absolute zero volume on this counter on NSE today! |
Yeah? PAGE is surely into only strong hands. Perhaps, existing shareholders don't want to remove theirs at this moment.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: Musketeer
Date Posted: 08/Apr/2008 at 6:50pm
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Ha Ha... Good one Kulman ji.
Par zara socho, to liquidate one's holdings, one maybe literally forced to remove one's, with such low volumes.
And if the seller has a slightly bigger quantity, then the existing shareholders will lose theirs.
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Be fearful when others are greedy. Be greedy when others are fearful.
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Posted By: kulman
Date Posted: 08/Apr/2008 at 7:09pm
Par zara socho, to liquidate one's holdings, one maybe literally forced to remove one's, with such low volumes.
And if the seller has a slightly bigger quantity, then the existing shareholders will lose theirs. |
It's no wonder then, in stock market parlance it is defined as impact cost!
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Life can only be understood backwards—but it must be lived forwards
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Posted By: Musketeer
Date Posted: 17/Apr/2008 at 10:55am
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Seems these guys have been in tune with the market, rapidly moving to cover the asses which have been pinched and lynched recently.
From NSE: Corporate Announcements
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Page Industries Limited has informed the Exchange that : "We have commenced our commercial production on 15th April, 2008 at our unit situated at Plot No. 13A, Bommasandra Industrial Area, S. No. 270, Bommasandra Village, Attibele Hobli, Anekal Taluk, Bangalore."
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Be fearful when others are greedy. Be greedy when others are fearful.
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Posted By: johnnybravo
Date Posted: 17/Apr/2008 at 11:08am
yes, Bommasandra I think happens to be closer to Electronic City!
This is called strategic product positioning
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Saab Moh Maya hai!
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Posted By: kulman
Date Posted: 28/May/2008 at 2:00pm
Maxwell Industries, makers of VIP
The bulk deal announcements on BSE & NSE show that one of the promoters is acquiring the stake of his partner. Lots of chaddis have changed hands.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: Invest_in_India
Date Posted: 28/May/2008 at 2:57pm
Originally posted by kulman
Maxwell Industries, makers of VIP
The bulk deal announcements on BSE & NSE show that one of the promoters is acquiring the stake of his partner. Lots of chaddis have changed hands.
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Ha ha ha
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Cheers,
Raj
"Que sera, sera,
Whatever will be, will be;
The future's not ours to see.
Que sera, sera,
What will be, will be.
Que Sera, Sera!"
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Posted By: kulman
Date Posted: 14/Jul/2008 at 9:13pm
IDFC Mutual Fund has accumulated 1.47 Lakhs additional Jockey Chaddis. Wonder who took off?
http://www.bseindia.com/qresann/news.asp?newsid=%7B9AD23037-5306-4281-B031-C4FA3DD75A4A%7D - Page Industries - Disclosures
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Life can only be understood backwards—but it must be lived forwards
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Posted By: Mr. V
Date Posted: 14/Jul/2008 at 11:54pm
I like Jockey's tag line.
"Original ideas don't wear out"
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Posted By: kulman
Date Posted: 14/Jul/2008 at 12:11pm
Their tagline is good no doubt. The product price tag is too high though.
On a serious note, according to historical pattern, in times of high inflation people go for 'cheaper' alternative products. For example instead of Gillette razor, they buy domestic brand "SuperMax"; Britannia 'Marie' gets replaced by PriyaGold etc..Liekwise, will Jockeys be substituted by Rupa? On a lighter note, if people start wearing Rupa's underwears what would she wear?
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Life can only be understood backwards—but it must be lived forwards
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Posted By: Mr. V
Date Posted: 14/Jul/2008 at 12:50pm
Now that the promoter dispute has been resolved, Maxwell Industries appears cheap but its equity capital structure is confusing.
6.3 cr Equity shares of Rs 2 each amounting to 12.61 cr
24.35 lakhs of Redeemable Preference shares of Rs 100 amounting to 24.35 cr
16 lakh of Optional convertible Preference shares of Rs 100 issued to Reliance Capital convertible within 18 months amounting to 16 cr
Total Share capital 52.96 cr
FY08 Net Profit = 10.22 cr
But for purpose of calculating EPS & Mcap, one just consider the 6.3 cr of common shares.
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Posted By: kulman
Date Posted: 09/Oct/2008 at 11:58am
In all this carnage I have been hoping to buy Jockey (Page Industries) chaddis cheap at bargain price of 3 for Rs.199 without any luck.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: Vivek Sukhani
Date Posted: 10/Oct/2008 at 12:27pm
Originally posted by kulman
In all this carnage I have been hoping to buy Jockey (Page Industries) chaddis cheap at bargain price of 3 for Rs.199 without any luck.
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Along with ganzee-underwear companies, what do you think for daroo as a sector?
That sector should do quite fine even in times of slowdown?
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Jai Guru!!!
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Posted By: experteye
Date Posted: 10/Oct/2008 at 12:32pm
Kulman ji,
bazar ne to ab hamko chaddi-banian par hee laa diayaa hai....
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more risk,more profit but have a vision before taking risk,itis all about investment in equities market.
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Posted By: kulman
Date Posted: 10/Oct/2008 at 12:38pm
Originally posted by Vivek Sukhani
Originally posted by kulman
In all this carnage I have been hoping to buy Jockey (Page Industries) chaddis cheap at bargain price of 3 for Rs.199 without any luck.
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Along with ganzee-underwear companies, what do you think for daroo as a sector?
That sector should do quite fine even in times of slowdown?
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Looking at the state of affairs & shrinking wealth, I'm more bullish on country liquor manufacturers not the ones that produce branded stuff (IMFL or wines).
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Life can only be understood backwards—but it must be lived forwards
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Posted By: rapidriser
Date Posted: 10/Oct/2008 at 12:55pm
Originally posted by experteye
Kulman ji,
bazar ne to ab hamko chaddi-banian par hee laa diayaa hai.... |
Agar halaat aur bigad gaye toh yeh bhi nahin bachenge.
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Posted By: rapidriser
Date Posted: 10/Oct/2008 at 12:57pm
Originally posted by kulman
Looking at the state of affairs & shrinking wealth, I'm more bullish on country liquor manufacturers not the ones that produce branded stuff (IMFL or wines).
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It is an interesting fact that during past recessions, Las Vegas based gambling companies saw a surge in their business.
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Posted By: valueman
Date Posted: 10/Oct/2008 at 1:48pm
With this carnage I hope people in TED at least have their chaddi banian intact ?
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To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
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Posted By: India_Bull
Date Posted: 10/Oct/2008 at 1:53pm
I did shopping for chaddi banian yesterday and instead of HI-FI chaddi baniyan which I was using earlier, I have bought the tailored striped sasta wala chaddi baniyan which u see in the movies. Saved good amonut of money 
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India_Bull forever Bull !
www.kapilcomedynights.com
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Posted By: valueman
Date Posted: 10/Oct/2008 at 2:08pm
Originally posted by India_Bull
I did shopping for chaddi banian yesterday and instead of HI-FI chaddi baniyan which I was using earlier, I have bought the tailored striped sasta wala chaddi baniyan which u see in the movies. Saved good amonut of money |
Whether I purchase stocks / Chaddi Banaian I never compromise on quality .The quality ones can only survive the rough times
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To achieve satisfactory investment results is easier than most people realize ; to achieve superior results is harder than it looks .
Benjamin Graham.
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Posted By: India_Bull
Date Posted: 10/Oct/2008 at 2:12pm
That was a good one at not an appropriate time !! I will save the money and buy good quality stks for the better time and better chaddi baniyan ahead !!
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India_Bull forever Bull !
www.kapilcomedynights.com
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Posted By: kulman
Date Posted: 10/Oct/2008 at 2:35pm
Originally posted by valueman
Whether I purchase stocks / Chaddi Banaian I never compromise on quality .The quality ones can only survive the rough times
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Yeah high quality at less prices is the way to go whether it is chaddi or shares.
But there's one BIG DIFFERENCE this market has taught us ...i.e. for chaddis you are better off buying popular quality brand but for stocks don't buy the popular ones.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: Vivek Sukhani
Date Posted: 10/Oct/2008 at 2:47pm
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kya bhai log, tum log ko keval kaccha baniyaan hi nazaar aata hai kya...???!!!????
Tum log koi puja wuja nahi karte ho kya....market ka yeh haal kar diya.
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Jai Guru!!!
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Posted By: kulman
Date Posted: 10/Oct/2008 at 3:19pm
Originally posted by Vivek Sukhani
kya bhai log, tum log ko keval kaccha baniyaan hi nazaar aata hai kya...???!!!????
Tum log koi puja wuja nahi karte ho kya....market ka yeh haal kar diya. |
 Puja kiya Bhai.
Bhagwan prasanna bhi ho gaye lekin woh bole: The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: Vivek Sukhani
Date Posted: 10/Oct/2008 at 3:39pm
bhagwaan ke der to thi, ab andher bhi ho gayee.....
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Jai Guru!!!
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Posted By: India_Bull
Date Posted: 10/Oct/2008 at 3:43pm
So Vivekjee,
What are your thoughts on todays market ? I am becoming poorer every trading day and dont have dividend yield stks in my portfolio !!( Price of some stks have come to the level they declare dividend !!)
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India_Bull forever Bull !
www.kapilcomedynights.com
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Posted By: jain208
Date Posted: 10/Oct/2008 at 3:52pm
Originally posted by kulman
The market, like the <span ="highlight">Lord</span>, helps those who help themselves. But, unlike the <span ="highlight">Lord</span>, the market does not forgive those who know not what they do. |
Satya vachan, Kulman ji.....
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The more it changes, the more it’s the same thing.
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Posted By: Vivek Sukhani
Date Posted: 10/Oct/2008 at 3:57pm
Originally posted by India_Bull
So Vivekjee,
What are your thoughts on todays market ? I am becoming poorer every trading day and dont have dividend yield stks in my portfolio !!( Price of some stks have come to the level they declare dividend !!) |
Thoda Bhagwaan ka puja karo........aur apne aapko Bhagwaan mat samajhna kabhi. thats what God wants to say to you.
So, ask for forgiveness from Lord Almighty...may be you will get divine help......!
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Jai Guru!!!
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Posted By: India_Bull
Date Posted: 10/Oct/2008 at 4:27pm
Vivekjee.
Bhagvan ka puja karne ke bad ye hal hau hai agar nahi karta to kya hota aap socho !! God always forgives his followers and allows them to make more mistakes !!
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India_Bull forever Bull !
www.kapilcomedynights.com
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Posted By: nitin_jagtap
Date Posted: 10/Oct/2008 at 7:31pm
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http://www.vccircle.com/500/news/nalanda-picks-up-8-stake-in-page-industries-from-open-market - Nalanda Picks Up 8% Stake In Page Industries From Open Market
Nalanda has got pretty active in acquiring shares from the secondary market in last couple of months.
At a time when foreign institutional investors (FIIs) are pulling out of India, private equity(PE) firms, it appears, are busy bringing in money, specially through private investment in public enterprise (PIPE) or investments in listed companies. Pulak Prasad (ex-Warburg Pincus) led Nalanda Capital, which has the mandate to invest in listed companies, has acquired 7.97% stake in Page Industries for around Rs 35 crore (~$7.4 million).
Page Industries is a licensed manufacturer of the Jockey brand of innerwear in the country. The innerwear market is highly fragmented with a number of regional players in the branded segment, besides a huge unbranded category which is led by small players.
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Warm REgards
Nitin Jagtap
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Posted By: Mr. V
Date Posted: 10/Oct/2008 at 8:52pm
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What else have the Nalanda guys picked up ?
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Posted By: kulman
Date Posted: 30/Jan/2009 at 9:30am
Under these trying & stressful economic conditions, Page (Jockey) has produced okay results with 30% topline & 37% bottomline growth yoy.
http://www.bseindia.com/xml-data/corpfiling/announcement/Page_Industries_Ltd_300109_Rst.pdf - Click here for more details
For the year they have distributed 14 coins per ticket (Rupees per share) as dividends.
However market participants are advised not to extrapolate the future EPS using MS-excel. Elastic jyaada kheench ne se toot jaata hain.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: amitdip
Date Posted: 30/Jan/2009 at 10:20am
Originally posted by kulman
<font size="2" face="Verdana, Arial, Helvetica, sans-serif">Under these trying & stressful economic conditions, Page (Jockey) has produced okay results with 30% topline & 37% bottomline growth yoy. http://www.bseindia.com/xml-data/corpfiling/announcement/Page_Industries_Ltd_300109_Rst.pdf - Click here for more details <font size="2" face="Verdana, Arial, Helvetica, sans-serif">For the year they have distributed 14 coins per ticket (Rupees per share) as dividends.<font size="2" face="Verdana, Arial, Helvetica, sans-serif">However market participants are advised not to extrapolate the future EPS using MS-excel. Elastic jyaada kheench ne se toot jaata hain.
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Thanks for posting the results mate, however I am not happy when promoters reduce stake. Both Indian and Foreign promoters are reducing stake and selling in open market.
http://money.rediff.com/money/jsp/shareholding.jsp?companyCode=16070088
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Posted By: Circuit
Date Posted: 12/Feb/2009 at 6:53am
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http://hindi.economictimes.indiatimes.com/quickiearticleshow/msid-4104159.cms - वेलंटाइट डे पर राम सेना के खिलाफ पिंक चड्डी मूवमेंट
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Posted By: kulman
Date Posted: 12/Feb/2009 at 7:20am
Originally posted by Circuit
http://hindi.economictimes.indiatimes.com/quickiearticleshow/msid-4104159.cms -
The risk factor is that after 14th Feb, all that inventory would return back to the markets.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: shivkumar
Date Posted: 12/Feb/2009 at 10:16am
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Unless Muthalik and his Sene are of the kinky type!!!
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Posted By: Hitesh Shah
Date Posted: 12/Feb/2009 at 10:47am
Originally posted by shivkumar
Unless Muthalik and his Sene are of the kinky type!!!
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Wot is kink about pink? Aerosmith has no problems with pink.
I fear this maybe XXXed out, but in the spirit of Valentine's Day....
Aerosmith Pink lyrics
Pink - it's my new obsession
Pink - it's not even a question,
Pink - on the lips of your lover
(oh)
'Cause Pink is the love you discover
Pink - as the bing on your cherry
Pink - 'cause you are so very
Pink - it's the color of passion
Ah, 'cause today it just goes with the fashion
Pink - it was love at first sight
Yeah, Pink - when I turn out the light
And Pink gets me high as a kite
And I think everything is going to be all right
No matter what we do tonight
You could be my flamingo
'Cause pink - it's the new kinda of lingo
Pink - like a deco umbrella
It's kink that you don't ever tell her
Pink - it was love at first sight
And Pink when I turn out the light
Pink gets me high as a kite
And I think everything is going to be all right
No matter what we do tonight
Yeah!
I want to be your lover
I, I wanna wrap you in rubber
And it's pink as the sheets that we lay on
'Cause Pink - it's my favorite crayon
Yeah!
Pink - it was love at first sight
Pink - when I turn out the light
Pink - it's like red but not quite
And I think, everything is going to be all right
No matter what we do tonight
Aerosmith Pink lyrics
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Posted By: Hitesh Shah
Date Posted: 15/Aug/2009 at 9:03am
Oh! This neglected topic!
| All our expansion
plans, our requirements for FY10-FY11 and even FY11-FY12 are pretty
much in place. We are a capital-light company, which is why we have
very healthy dividend policies and we generate a lot of cash. But while
we are capital light, I would like to say we are heavy on intellectual
capital with the kind of experience, knowledge and understanding that
we have about this business, technology and innovation as well as the
backing of the global Jockey network. However, in terms of capital, we are just a little bit of topping up this year and next year. We are good till 2012. |
Of course, nowadays, the news is more about promoters selling....
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Posted By: subu76
Date Posted: 15/Aug/2009 at 10:45am
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Hi Hitesh, where is the above para from?
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Posted By: Hitesh Shah
Date Posted: 16/Aug/2009 at 1:56pm
http://www.moneycontrol.com/india/news/results-boardroom/fewer-footfalls-led-to-slight-fallgrowth-page-ind/404053
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Posted By: smartcat
Date Posted: 26/Aug/2009 at 11:19am
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I bought Page Industries because I liked the lingerie models on their website. Glenmark too needs to do something like that to get investors back.
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Posted By: somu0915
Date Posted: 31/Aug/2009 at 4:50pm
Any other competitors of Page?
Seems a good buy..
By the way, all lingerie models are good
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Posted By: prabhakarkudva
Date Posted: 31/Aug/2009 at 5:28pm
Maxwell Industries..They make VIP
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Take your chances and keep them in a box until a quieter time.
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Posted By: basant
Date Posted: 31/Aug/2009 at 5:33pm
Originally posted by prabhakarkudva
Maxwell Industries..They make VIP
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Management is a big suspect, they get into all sorts of backward and
forward integrations and have almost shown zero growth for the past
seven years!
Always stick to the leader if you can!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Posted By: prabhakarkudva
Date Posted: 31/Aug/2009 at 5:38pm
For Page,the product can never (hopefully ) go obsolete,so its like one of those Buffett type companies you can hold for 10 years, with good growth prospects.
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Take your chances and keep them in a box until a quieter time.
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Posted By: hit2710
Date Posted: 31/Aug/2009 at 8:21pm
Originally posted by prabhakarkudva
For Page,the product can never (hopefully ) go obsolete,so its like one of those Buffett type companies you can hold for 10 years, with good growth prospects.
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FY 09 EPS for Page Inds was around 21 as per bse india data. At the maximum, stock can go upto eps of 30 for fy10. Still the pe for the stock is around 20 for one year forward earnings.
As you say, the company is a good company but the price at which one enters a stock should also be considered. In current market I think a pe of 20(one year forward) is paying a bit too much because you are taking a risk in predicting consistent growth for the company. this does not leave too much upside for the company in my view(for next 6-12 months). Anyone will think twice about paying a pe of 30 for forward earnings if price of 900 is predicted in next 6-12 months.
The stock was a fantastic buy during the crash when it was available for around Rs 300 odd. So anybody holding it from there is sitting pretty but someone buying now could be sitting ducks.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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Posted By: subu76
Date Posted: 31/Aug/2009 at 9:42pm
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Not everyone considers this to be an important indicator.....and perhaps rightfully so...as it's important to look at the long term picture.
Personally, I am always dissuaded on finding a 20+ PE stock with a sea of insider sales when i open the insider trading page on bseindia.com no matter how small the quantities sold.
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Posted By: hit2710
Date Posted: 31/Aug/2009 at 11:39pm
Originally posted by subu76
Not everyone considers this to be an important indicator.....and perhaps rightfully so...as it's important to look at the long term picture.
Personally, I am always dissuaded on finding a 20+ PE stock with a sea of insider sales when i open the insider trading page on bseindia.com no matter how small the quantities sold.
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Mr Surinder genomal, seems to be selling shares of the company albeit in small quantities. Good observations from subu.
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Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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Posted By: Hitesh Shah
Date Posted: 31/Aug/2009 at 9:23am
Posted By: subu76
Date Posted: 01/Sep/2009 at 3:48pm
Hitesh Bhai....your stocks are zooming like crazy  Isn't that enough?
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Posted By: Hitesh Shah
Date Posted: 01/Sep/2009 at 3:52pm
Yeh dil maange more!
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Posted By: prabhakarkudva
Date Posted: 01/Sep/2009 at 9:35pm
To the people who are bothered about the insider selling of 1000+ shares out of the 23 lakh shares by the promoter(Sunder genomal),would you have been positive about this stock had Mr. Sunder bought 1000 shares?
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Take your chances and keep them in a box until a quieter time.
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